BOC debuts Yulan bonds through Hong Kong branch

By Morgan Davis
29 Jan 2021

Bank of China Hong Kong has sold the first Yulan bond, a new asset class that was only launched in December, raising $500m from the market. But the deal saw limited interest as investors come to grips with the product.

The yulan bond, named after the Yulan magnolia plant native to central and eastern China, was created as a new asset class in December 2020. The bonds are a collaboration between Brussels-based Euroclear Bank and the Shanghai Clearing House. The notes, which are issued through Shanghai and settled ...

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